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$99,000

1507 Cummings St, Luling, TX, 78648

$128,700 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths1,758 Sq Ft
OtherOther
price_per_sqft$56.31 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Deal ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesFree Standing Gas Range, Free Standing Refrigerator, Gas Range, Microwave
FlooringLaminate

Exterior

Exterior FeaturesPrivate Yard
Lot Size9,749 sqft

Building Information

Year Built1930
Stories1

Land Information

APN0700715-000-061-80
Lot Number61,63
SubdivisionHighland Estates
Land UseResidential
Legal DescriptionHIGHLAND ESTATES, LOT 61-63
Census Tract960701
Assessed Land Value$25,640
Assessed Improvement Value$104,000
Assessment Year2025

About this property

Unique investment and renovation opportunity featuring two existing dwellings on one spacious property. The primary livable residence, built in 2018, offers one bedroom and one bathroom with a comfortable, low-maintenance layout. Enjoy it as an efficient full-time home, weekend retreat, or explore the possibility of expanding the residence while creating a beautiful yard, garden, or outdoor living space. Also located on the property is the original 1930 home, which is currently in very poor, unlivable condition and will require substantial rehabilitation. For a buyer with the experience, resources, and vision to take on a major renovation, the existing second dwelling presents a rare and potentially valuable opportunity. The property is currently zoned for single-family residential use and one dwelling. Demolition or removal of the original home may affect the ability to maintain two dwellings on the property. Buyers should independently verify zoning, renovation, expansion, permitting, and intended-use plans with the appropriate city authorities before purchase. Property is being offered in its present condition.

Investor Tools

Property Icon
$156,000
Estimated Property Value
$0Estimated Mortgage Balance
$156,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$128,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$936 /month
Positive
Cash Flow Estimate:
$312 /month

Interested in this property?

Shelly Moore

Lloyd Barnes Real Estate Team

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$299/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,806
$129,640
2025
$25,640
$104,000
$129,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,806
$129,640

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$156,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,282/mo
N/A
+$1,282/mo
9.9%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Luling

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